Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares were up 0.3% during trading on Monday . The stock traded as high as $4.61 and last traded at $4.59. Approximately 1,124,224 shares were traded during trading, a decline of 78% from the average daily volume of 5,106,088 shares. The stock had previously closed at $4.57.
Oxford Lane Capital Trading Up 0.2 %
The firm has a 50 day simple moving average of $4.66 and a 200 day simple moving average of $5.00. The firm has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 0.84.
Oxford Lane Capital Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio is 128.92%.
Institutional Trading of Oxford Lane Capital
Several institutional investors have recently added to or reduced their stakes in OXLC. SWAN Capital LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at $30,000. Insigneo Advisory Services LLC bought a new stake in shares of Oxford Lane Capital in the first quarter worth $47,000. Quilter Plc purchased a new stake in Oxford Lane Capital during the first quarter valued at $47,000. Cornell Pochily Investment Advisors Inc. bought a new position in Oxford Lane Capital in the first quarter valued at about $48,000. Finally, Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the fourth quarter worth about $51,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.
Oxford Lane Capital Company Profile
(
Get Free Report)
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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